Ben Zhou, CEO of major crypto exchange Bybit, has raised serious concerns over the Pi Network project, questioning its legitimacy as it launches its new network.
Exchange CEO Raises Red Flags
Ben Zhou first spoke out when Pi Network announced its Open Network launch. He firmly denied rumors of joining the project and reiterated his stance amid growing criticism from the Pi Network community.
Police Warnings and Investigations
In his latest post, Zhou referred to a warning from Chinese authorities referencing potentially fraudulent activities. Authorities in Vietnam have also started investigations into Pi Network's actions.
Serious Allegations About User Data
Zhou raised concerns about user safety, suggesting Pi Network may leak personal information and risk users’ pensions. He stressed the need for the project to address these serious accusations.
Despite community support, Pi Network faces challenges regarding its reliability. The crypto community is closely watching developments, waiting for Pi Network's response.
